Common use of Transferability of Options Clause in Contracts

Transferability of Options. The Option shall not be transferable by the Optionee otherwise than by will or under the laws of descent and distribution. The Option shall be exercisable during the lifetime of the Optionee only by the Optionee, the Optionee’s guardian or the Optionee’s legal representative.

Transferability of Options. The Option shall not be transferable by the Optionee otherwise than by will or under the laws of descent and distribution. The Option shall be exercisable during the lifetime of the Optionee only by the Optionee, the Optionee’s 's guardian or the Optionee’s 's legal representative.

Transferability of Options. During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee or the Optionee’s guardian or legal representative. The Option shall not be assignable or transferable by the Optionee otherwise than Optionee, except by will or under by the laws of descent and distribution. The Notwithstanding the foregoing, the Option shall be exercisable during transferable subject to the lifetime of applicable limitations, if any, described in the Optionee only by General Instructions to Form S-8 Registration Statement under the Optionee, the Optionee’s guardian or the Optionee’s legal representativeSecurities Act.

Transferability of Options. The Option shall not be transferable by the Optionee These Options are nontransferable otherwise than by will or under the laws of descent and distribution. The Option shall be exercisable distribution and during the lifetime of the Optionee Optionee, the Options may be exercised only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or the Optionee’s legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Option shall Options are not be transferable by the Optionee otherwise other than by will or under the laws of descent and distribution. The Option shall be exercisable during During the lifetime of the Optionee Optionee, the Options may be exercised only by the Optionee, or, during the period the Optionee is under a legal disability, by the Optionee’s guardian or the Optionee’s legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Option Optionee's option shall not be transferable by the Optionee otherwise other than by will Will or under by the laws of descent and distribution. The Option shall be , if applicable, and are exercisable during the his lifetime of the Optionee only by the Optionee, the Optionee’s guardian or the Optionee’s legal representativehim.

Transferability of Options. The This Option shall may not be transferable by the Optionee otherwise than transferred except by will or under the laws of descent and distribution. The Option shall , and may be exercisable exercised during the lifetime of the Optionee only by the Optionee, the Optionee’s him or by his guardian or the Optionee’s legal representative. This Option and any rights and privileges pertaining hereto shall not be transferred, assigned, pledged or hypothecated by Optionee in any way, whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process.

Transferability of Options. The Option Options shall not be transferable by the Optionee optionee otherwise than by will or under the laws of descent and distribution. The Option , and shall be exercisable exercisable, during the lifetime of the Optionee his or her lifetime, only by the Optionee, the Optionee’s guardian him or the Optionee’s legal representativeher.

Transferability of Options. The Option Options shall not be transferable by the Optionee otherwise than by will or under the laws of descent and distribution. The Option Options shall be exercisable during the lifetime of the Optionee only by the Optionee, the Optionee’s 's guardian or the Optionee’s 's legal representative.

Transferability of Options. The This Option shall may not be transferable transferred by the Optionee otherwise other than by will or under the laws of descent and distribution. The Option shall distribution and may be exercisable exercised during the Optionee's lifetime of the Optionee only by the Optionee, the Optionee’s guardian Optionee or the Optionee’s 's guardian or legal representative. A transfer of an Option by will or the laws of descent and distribution shall not be effective unless the Option Committee shall have been furnished with such evidence as it may deem necessary to establish the validity and effectiveness of the transfer.

Transferability of Options. The Option shall not be transferable by the Optionee These Options are nontransferable otherwise than by will or under the laws of descent and distribution. The Option shall be exercisable distribution and during the lifetime of the Optionee Optionee, the Options may be exercised only by the Optionee, by such permitted transferees or, during the period the Optionee is under a legal disability, by the Optionee’s 's guardian or the Optionee’s legal representative. Except as provided above, the Options may not be assigned, transferred, pledged, hypothecated or disposed of in any way (whether by operation of law or otherwise) and shall not be subject to execution, attachment or similar process.

Transferability of Options. The No Option granted under the Plan shall not be transferable by the an Optionee otherwise (whether by sale, assignment, hypothecation or otherwise) other than by will or under the laws of descent and distribution. The Option , and Options shall be exercisable during the Optionee's lifetime of the Optionee only by the Optionee, the Optionee’s guardian or the Optionee’s legal representative.